Passenger demand weak in Dec-08 as European airlines feel the impact of a slowing economy
Passenger demand among European carriers weakened further in Dec-08, reflecting the slowing European economy, with only Norwegian Air Shuttle and Ryanair reporting passenger growth rates above 10%. The major European network carriers reported year-on-year passenger declines, with struggling Eastern European LCC, SkyEurope, and Germany’s second largest carrier, Air Berlin, reporting passenger reductions, in the pursuit of maintaining/improving unit revenues and yields. [749 words]
Unlock the following content in this report:
- Two strategies: aggressive market-share driven campaigns vs careful capacity yield management
- Major network airline load factors well below LCCs within Europe
- Norwegian, Ryanair and easyJet continue on passenger growth path
Graphs and data:
- Select European carriers' passenger numbers and passenger numbers growth on European services in Dec-08
- Select European carriers' passenger numbers and passenger numbers growth on European services in 2008
- Europe LCC capacity growth plans Winter 2008/Summer 2009: Jan-09
- Selected European airlines' load factors (%) and load factor growth (year-on-year % change): Dec-08
- Select European airlines' passenger traffic (mill) and passenger growth (year-on-year % change): Dec-08
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